Egypt’s Economy: Hanging in the Balance

Source: Middle East Institute
Author(s): Yasmin El-Rifae

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As 2014 drew to a close, the Egyptian economy was making international headlines. The Financial Times called Egypt the world’s best destination for stock market investment.[1] Meanwhile, the Egyptian press documented a flurry of visits by delegations of businessmen from various economic superpowers. Nonetheless, levels of poverty and unemployment remained high, and it remains to be seen whether these positive trends, and the upcoming economic development conference in Sharm el-Sheikh, will translate into a better quality of life for the majority of Egypt’s 90 million citizens…

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